Expand Energy — Oct 28, 2025 release

• Net cash provided by operating activities of $1,201 million • Net income of $547 million, or $2.28 per fully diluted share; adjusted net income (1) of $234 million, or $0.97 per diluted share • Adjusted EBITDAX (1) of $1,082 million • Produced ~7.33 Bcfe/d net (92% natural gas) • Reduced midpoint of full year 2025 capital expenditures guidance by $75 million to $2.85 billion, increased midpoint of full year 2025 production guidance by 50 MMcfe/d to 7.15 Bcfe/d • Signed 15-year SPA with Lake Charles Methanol to serve as sole gas supplier with start date in ~2030 and pricing premium to NYMEX; expect FID in 2026 • Acquired ~82,500 net acres of value-accretive leasehold across Western Haynesville and Southwest Appalachia in second half of 2025 • Upsized credit facility to $3.5 billion, providing enhanced liquidity and extending maturity to 2030 (1) Definitions of non-GAAP financial measures and reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure are included at the end of this release. “Expand is answering the world’s call for more affordable, reliable, lower carbon energy. In one short year, we have significantly scaled and strengthened our business and are well positioned to access and safely deliver natural gas into new and growing power, industrial and LNG markets,” said Nick Dell’Osso, Expand Energy’s President and Chief Executive Officer. “We continue to deliver leading capital efficiency in each of our operating areas demonstrating our ability to increase returns on investment across our diverse